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Czech cabinet approves Nexen’s $1.09 bln investment

South Korean tyre maker Nexen Tire’s plan to invest around $1.09 billion for a new factory in the Czech Republic. It has received nod from the Czech cabinet, reports Reuters.
Citing a spokesperson, the report said that the deal, which would be one of the largest in the country, needs to be signed by both parties, although the spokesman could not say when the deal would be finalised.

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